NoDak Producers Break Records Again in December 2018

Williston, ND (KEYZ)  North Dakota Oil Producers deliver another record breaking month in production. Latest figures out today for the month of December show a new all time high of 1, 401, 385 barrels per day -- more than 24 thousand 500 barrels pumped in November. Natural Gas production in December also out paced November 2018 numbers, at 2.6 billion cubic feet a day up from 2.5 billion in November.  The report was issued today by the NDIC Department of Mineral Resources.

Crdue Prices during the reporting period.

North Dakota Light Sweet WTI
November $39.11/barrel $56.60/barrel
December $22.53/barrel $48.68/barrel
January $37.69/barrel $51.38/barrel
Today $45.75/barrel $54.41/barrel
All-time High (7/3/08) $136.29/ barrel $145.29/barrel

Producing Wells
November 15,252
December 15,351 (Preliminary)(All-time High: 15,352 in October 2018)
13,570 wells or 88% are now unconventional Bakken – Three forks wells
1,781 wells or 12% produce from legacy conventional pools